Inditex reported steady growth in the first half of 2025 as its focus on creativity, efficient execution and global expansion continued to pay off.
The company said its Spring and Summer collections were well received both in stores and online, lifting sales 1.6% to €18.4 billion.
Sales in constant currency rose 5.1% showing that demand remained resilient despite a challenging retail environment.
Gross profit increased 1.5% to €10.7 billion with a gross margin of 58.3% which was slightly lower than last year.
Operating expenses rose 2.2% reflecting investments in store upgrades and logistics but overall profitability remained solid.
EBITDA reached €5.1 billion, up 1.5%, while EBIT inched up 0.9% to €3.6 billion.
Net income rose 0.8% to €2.8 billion and funds from operations climbed 5% to €3.7 billion.
The company ended the period with 5,528 stores across 35 markets and a net cash position of €10 billion.
A final dividend of €0.84 per share will be paid on 3 November 2025.
Early signs for the second half are positive. Store and online sales in constant currency from 1 August to 8 September 2025 jumped 9% compared to the same period in 2024 reflecting strong demand for Autumn and Winter collections.
Inditex is continuing to invest in logistics, technology and sustainability to strengthen its market position.
Its two year €900 million per year logistics expansion is on track with the Zaragoza II distribution centre now operational.
Inditex is also advancing its environmental efforts. Through its #bringyourbag initiative customers have reduced shopping bag use by 49%.
The funds from charging for recycled paper bags are directed to environmental projects in more than 30 countries in partnership with groups including Conservation International and WWF.
Looking ahead, Inditex aims to keep improving its fashion offering, customer care, sustainability and team development to drive long-term growth. With a fragmented global market and low market share the company believes there is significant room to expand both in physical stores and online while maintaining its strong profitability.
